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      Question

      Which of the following is a key eligibility criterion

      for availing funding under the ARISE project funding product?
      A Operations must have commenced at least five years ago Correct Answer Incorrect Answer
      B Must show audited accounts and cash profit in the last audited financial results Correct Answer Incorrect Answer
      C Loan is available only for new business ventures Correct Answer Incorrect Answer
      D Repayment term is fixed at 10 years with no moratorium Correct Answer Incorrect Answer
      E The loan amount is capped at ₹20 crores Correct Answer Incorrect Answer

      Solution

      The ARISE project funding product is aimed at supporting businesses for: • Purchase of land, construction of factory buildings, • Acquisition of machinery, or • Modernization and technology upgradation. To be eligible, businesses must meet certain requirements: • Have been in operation for at least two years, • Maintain audited accounts, • Show cash profits in the latest audited financial results, and • Have no defaults to banks or financial institutions. Funding is available up to ₹50 crores, capped at 80% of the project cost, with a repayment period of up to 7 yearsincluding a 2-year moratorium.

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